EABL profit drops 15pc to Sh7.25bn on higher costs

EABL finance director Gyorgy Geiszl said a Sh2 billion tax provision ate its net earnings. FILE PHOTO | NMG

East African Breweries (EABL) #ticker:EABL has reported a 14.79 per cent drop in net profit in the year ended June weighed down by higher costs and tax expenses.

The NSE-listed brewer, which is controlled by Britain’s Diageo, made a net profit of Sh7.25 billion in the period compared with Sh8.51 billion a year earlier.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.